(Finance) – TP ICAP Midcap confirmed target price (24 euros per share) And recommendation (Buy) the target price on WIITa company listed on Euronext STAR Milan and active in the Cloud Computing market, after the WIIT Board of Directors proposed to the shareholders’ meeting, which will meet on 16 May 2024, a delegation for a capital increase of up to approximately 7 million shares, which could make it possible to raise around 117 million euros.
Analysts write that the funds raised could be used to expand the group through acquisitions as well as to finance new projects. As for expanding through acquisitionsWIIT is carefully examining market opportunities, with a particular focus on“DA-CH” areabut not only.
For what concern financing of new projectsthe company has not made any statements, but TP ICAP Midcap believes that the recent launch of the Blackwell GPU by NVIDIA for the latest generation data centers, which supports the computational potential required for generative artificial intelligence applications (available for shipments from late 2024/early 2025), could potentially be of interest to WIIT.
(Photo: Bethany Drouin)